Walmer Capital Corp. Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Walmer Capital Corp. (TSX VENTURE:WAL.H) (the "Company"), a capital pool company as defined under Policy 2.4 - Capital Pool Companies of the TSX Venture Exchange (the "Exchange"), is pleased to provide an update regarding the proposed Qualifying Transaction disclosed in its press release of May 8, 2014. As previously disclosed, the common shares of the Company were transferred from the Exchange to the NEX board of the Exchange on August 7, 2014. The common shares will remain suspended pending the completion or termination of the proposed Qualifying Transaction disclosed in its press release of May 8, 2014.

The Company is still committed to pursuing the Qualifying Transaction with Beresford Box Company, Inc. ("BBC") as soon as possible and to subsequently apply for relisting of the common shares of the Company on the facilities of the Exchange. The Company is in active discussions with a number of potential investors as well as possible agents to assist with a financing to be completed as a critical part of the Qualifying Transaction.

About Walmer Capital Corp.

Walmer Capital Corp., a capital pool company within the meaning of the policies of the Exchange, was incorporated under the Business Corporations Act (Alberta) on June 9, 2011 and was listed on the Exchange on May 4, 2012. The Company does not have any operations and has no assets other than cash. The Company's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the Exchange and is in the process of completing its previously announced Qualifying Transaction.

Cautionary Note

Completion of the proposed Qualifying Transaction is subject to a number of conditions including, without limitation, approval of the Exchange and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the proposed Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the proposed Qualifying Transaction, any information released or received with respect to the proposed Qualifying Transaction may not be accurate or complete and should not be relied upon. The trading in the securities a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.